The revised 5 Year Forecast shows a positive fund balance throughout the remaining years, however the district is deficit spending for the duration of the forecast. The biggest causes would be very flat state funding and increased health insurance. For FY2020 the district will experience a 25% increase in health insurance rates. Changes are being made to hopefully control those costs in the future. West Liberty-Salem is a member of the Educational Purchasing Council, which manages the health insurance plan.
Financial Management Recognized
In December 2018 West Liberty-Salem School District received notice that it has earned a bonus from Ohio Bureau of Workers Compensation for calendar year 2017 due to low claims/severity and the district met all requirements for the Safety Council Rebate Program. Great Job WL-S on keeping our employees safe!